The DAX Futures is trading at 11,892.50 up with +0.36% percent or +42.30 point. The FTSE 100 Futures is trading at 7,186.50 up with +0.30% percent or +21.50 point. The CAC 40 Futures is trading at 5,222.12 with a loss of -1.70% percent or -90.57 point. The EURO Stoxx 50 Futures trading at 3,308.00 up with +0.30% percent or +10.00 point.
TODAY’S FACTORS AND EVENTS
Reports that China has raised the ante in a bitter trade dispute have rocked global equity markets. Chinese media has reported that China is threatening to curb the supply of rare metals to the U.S. These products are used in the production of items such as cell phones and electric cars, so any interruption in supply could hurt U.S. technology companies. The DAX has fallen sharply on the news, with bank and automakers stocks heading lower. Deutsche Bank (DE:DBKGn) has dropped 1.9%, while Daimler, BMW and Volkswagen (DE:VOWG_p) have declined around 1.0%. May has been a dreadful month for the blue-chip DAX, which has declined 3.6%
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,126.41 with a loss of -0.87% percent or -221.36 point. The S&P 500 is trading at 2,783.02 with a loss of -0.69% percent or -19.37 point. The Nasdaq Composite is trading at 7,547.31 with a loss of -0.79% percent or -60.04 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,942.53 with a loss of -0.29% percent or -60.84 point. Hong Kong’s Hang Seng is trading at 27,146.49 with a loss of -0.33% percent or -89.22 point. China’s Shanghai Composite is trading at 2,905.81 with a loss of -0.31% percent or -8.89 point. India’s BSE Sensex is trading at 39,809.14 up with +0.78% percent or +307.09 point at 12:15 PM.